Australia: Mandalong Resources will commence an exploration campaign in the Bethanga goldfields in Victoria following the completion and finalisation of the current IPO.
Mandalong is planning to use the IPO funds to complete geological mapping and surface sampling, followed by a mix of geophysical surveys and diamond drilling to test known targets as well as anomalies defined through the geophysical surveys.
The Bethanga Goldfield hosts a number of historic gold occurrences and gold mines, with historical production estimated to be up to 93,000 ounces, along with 618 tonnes of copper.
The Bethanga Project has been explored by a number of companies since the mid 1960s, with the bulk of work focused on the main line of workings along the South Gift, North Gift, and Conness line of lode near the town of Bethanga.
Previous exploration along the regional trend included stream sediment sampling, soil sampling, trenching, mapping, surveying and ground based geophysics.
Source: Proactive Investors